United States


  • Kodak asks court to end retiree medical benefits Wednesday, 10 Oct 2012 | 7:17 PM ET

    ROCHESTER, N.Y.-- Eastman Kodak Co. said Wednesday it has asked a bankruptcy court judge to allow it to end retiree medical and some other benefits at the end of the year as part of its restructuring.

  • S&P cuts Spain's rating to lowest investment grade Wednesday, 10 Oct 2012 | 7:08 PM ET

    NEW YORK-- Standard& Poor's downgraded its rating on Spain's debt Wednesday by two notches, leaving it on the cusp of junk status. S&P also assigned a negative outlook to the rating, saying it could be further downgraded if Spain's economic conditions erode further.

  • Multi-day pass rentals headache for Disneyland Wednesday, 10 Oct 2012 | 7:07 PM ET

    ANAHEIM, Calif.-- An increasing number of tourists are finding a way to save $40 or more on day passes to California's Disney theme parks by "renting" one day of a multi-day park hopper pass _ and the practice is giving Disneyland a run for its money.

  • Lenovo knocks HP off top of global PC market -Gartner Wednesday, 10 Oct 2012 | 7:04 PM ET

    SAN FRANCISCO, Oct 10- China's Lenovo Group Ltd. to become the world's No. 1 PC maker in the third quarter, according to new data released by research house Gartner on Wednesday. A rival to Gartner, IDC, still ranks HP in the lead-- but by less than half a percentage point-- in terms of PC shipments worldwide.

  • Shell faces Dutch lawsuit over Niger Delta pollution Wednesday, 10 Oct 2012 | 7:01 PM ET

    AMSTERDAM, Oct 11- Oil major Royal Dutch Shell Plc will defend its environmental record in the Niger Delta on Thursday as it faces a lawsuit that may set a precedent for damage claims related to the activities of international companies. Plaintiffs are four Nigerians and campaigning group Friends of the Earth.

  • S.Korea-Market Factors to watch on Oct 11 Wednesday, 10 Oct 2012 | 6:54 PM ET

    SEOUL, Oct 11- Following is a list of events in South Korea as well as news stories and press reports that may influence financial markets. TOP STORIES> Toyota recalls 7.4 mln vehicles over window switch. *The S&P 500 fell for a fourth day on Wednesday, weighed down by disappointing news from Chevron and Alcoa as the latest earnings season got under way.

  • Suit: Firm provided tainted meds in 2002, man died Wednesday, 10 Oct 2012 | 6:50 PM ET

    Officials have identified Framingham, Mass., based-New England Compounding Center as the source of steroid shots suspected in the outbreak of rare fungal meningitis that has killed at least 12 people and made more than 130 others sick.

  • VANCOUVER, Oct 10- Enbridge Inc needs to do a better job of communicating to most British Columbians and other Canadians the merits of its contentious Northern Gateway oil pipeline planned for the Western Canadian province, a senior company official said on Wednesday.

  • *S&P cites Spain recession and euro zone policy uncertainty. *Moody's and S&P both have Spain on cusp of junk rating. Moody's has Spain on review for a possible downgrade.

  • SAN FRANCISCO, Oct 10- Record-high retail prices for gasoline in California began to ease on Wednesday, receding from an unprecedented jump to $5 a gallon in some areas, even as further refinery disruptions threatened to slow the decline.

  • UPDATE 1-Activist fund Octavian says it is shutting down Wednesday, 10 Oct 2012 | 6:30 PM ET

    *Octavian plans to return bulk of money next year. BOSTON, Oct 10- Octavian Advisors, a roughly $1 billion hedge fund firm specializing in distressed investments, said it was shutting down, becoming the latest casualty of tough market conditions as it suffered double-digit losses.

  • --The Carlyle Group is acquiring Landmark Aviation for $625 million, funded mostly with debt. --We are assigning our' B-' corporate credit rating to LM U.S. Member LLC. On Oct. 10, 2012, Standard& Poor's Ratings Services assigned its' B-' corporate credit rating to LM U.S. Member LLC (along with co-borrower LM U.S. Corp Acquisition Inc.).

  • Australia shares seen lower, jobs data awaited Wednesday, 10 Oct 2012 | 6:28 PM ET

    MELBOURNE, Oct 11- Australian shares are likely to extend losses into a second day on Thursday after U.S. equities sank on corporate warnings of slower growth, though local price moves may be limited ahead of monthly jobs data.

  • NEW YORK, Oct 10- JPMorgan Chase& Co has made enough progress containing its $5.8 billion of derivatives losses and tightening its risk controls that the outlook for its credit rating has improved to stable from negative, Fitch Ratings said on Wednesday.

  • BERLIN/ LONDON, Oct 11- Europe's two biggest aerospace firms will go back to the drawing board to find new strategies after Germany stymied the world's biggest arms and aviation company merger.

  • *Steven Miller, an IRS veteran, to be acting chief. Miller, IRS deputy commissioner for services and enforcement since September 2009, is a 25- year veteran of the agency. The IRS leadership change comes ahead of a turbulent period, with Congress facing several major decisions on taxes as part of the "fiscal cliff" events at year-end.

  • *SEC action is' first-best' option; FSOC is' second-best'. *Fed official still hopes SEC will adopt money market rules. Fed Governor Daniel Tarullo said it was unfortunate that the SEC, the primary regulator of the $2.6 trillion industry, has so far failed to advance new rules for the market, which since the financial crisis has been viewed as posing a systemic risk.

  • UPDATE 2-U.S. sets final duties on Chinese solar panels Wednesday, 10 Oct 2012 | 6:19 PM ET

    *U.S. says China was dumping solar products. WASHINGTON, Oct 10- The United States on Wednesday set steep final duties on billions of dollars of solar energy products from China, but turned down a request from lawmakers and U.S. manufacturers to expand the scope of its order.

  • BRIEF-GASFRAC provides operational review update Wednesday, 10 Oct 2012 | 6:18 PM ET

    Oct 10- Gasfrac Energy Services Inc:. *Overhead staffing in the Houston office has been reduced from 16 to a sales. *Sees revenue for Q3 to be approximately $40 million with approximately $25.

  • BOSTON, Oct 10- The campaign of U.S. In the meantime, the campaign is donating contributions from the company owners to the Meningitis Foundation of America. " Brown is in the midst of a bruising re-election battle against Democratic nominee Elizabeth Warren, who is a Harvard professor.